General disclaimer
All content published on MetricBase — including articles, charts, analyses, data visualizations, the Bun illustrations, newsletter editions, comments, and social media posts originating from any official MetricBase channel — is provided strictly for informational and educational purposes.
Nothing on these properties constitutes:
- Financial advice
- Investment advice or recommendation
- Tax advice
- Accounting advice
- Legal advice
- An offer or solicitation to buy, sell, hold, short, or stake any asset
- An offer of, or recommendation to use, any specific exchange, broker, or service
You should not act, or refrain from acting, on the basis of any content found on MetricBase without first consulting qualified, licensed professionals in your jurisdiction.
Educational purpose only
MetricBase publishes content with a single objective: to help readers understand markets, instruments, and concepts better. We discuss frameworks, share research, surface data, and present analytical viewpoints.
We do not tell readers what to buy, sell, hold, short, or stake. We do not manage funds on behalf of others. We do not operate as a regulated financial advisor, broker-dealer, or registered representative under any securities regime. We are not registered with OJK (Otoritas Jasa Keuangan), Bappebti, the SEC, or any equivalent foreign regulator as an investment advisor.
Where content includes example portfolios, illustrative trades, or hypothetical scenarios, these are illustrative only and are not recommendations for you to replicate.
No guaranteed returns
No content on MetricBase guarantees any specific outcome, return, profit, or result.
Markets are inherently uncertain. Strategies that worked in the past may not work in the future. References to specific assets, tickers, contracts, projects, or chains do not constitute recommendations. Backtest performance is not live performance. Anecdotal trade examples do not generalize.
Most retail traders, in most asset classes, lose money over time. Empirical studies consistently show retail losses ranging from 70% to 95% depending on the instrument and timeframe. Read every claim of trading "edge" — including ours — with this base rate in mind.
Risk warnings
Each of the asset classes we cover carries substantial and category-specific risk. The lists below are not exhaustive.
Crypto risk
Cryptocurrency and digital asset markets are extremely volatile, largely unregulated in many jurisdictions, and carry substantial risk including:
- Total loss of capital
- Loss of access to wallets, private keys, and seed phrases
- Smart contract exploits and protocol failures
- Rug pulls, exit scams, and fraudulent projects
- Regulatory action including outright bans on holdings or trading
- Exchange insolvency, hacks, or restricted withdrawals
- Tax obligations that may be unclear, complex, or retroactive
- Memecoin volatility, including coordinated wash trading and pump-and-dump schemes
- Custody risk on both centralized and self-custodial platforms
The Indonesian regulatory environment for crypto continues to evolve. Bappebti and OJK have changing jurisdictional authority over digital assets. Verify the current legal status of any crypto activity in your jurisdiction before participating.
Stock market risk
Investing in stocks, including Indonesian equities listed on the Indonesia Stock Exchange (IDX), carries risk including:
- Loss of capital up to the full invested amount
- Liquidity risk (inability to sell at a desired price or at all)
- Concentration risk if portfolios are not adequately diversified
- Currency risk for non-IDR investors
- Corporate actions (rights issues, splits, delistings) that may materially affect valuation
- Market manipulation by larger participants
- Macroeconomic and geopolitical shocks
- Earnings volatility and unexpected disclosures
Past performance of any stock is not indicative of future results. IDX-listed companies are regulated by OJK; their official disclosures via IDXnet are the authoritative source for any investment decision.
Energy market risk
Commodities including crude oil, natural gas, refined products, and related derivatives involve substantial risk including:
- Extreme price volatility driven by geopolitics, OPEC decisions, and supply shocks
- Leverage that can result in losses exceeding initial deposits
- Counterparty risk in futures and OTC markets
- Storage, delivery, and contango/backwardation considerations
- Regulatory and policy shifts affecting energy markets globally
- Complex tax treatment of commodity gains and losses
- Settlement risk in physically-delivered contracts
Trading commodities or derivatives often requires authorization from a regulated broker. Verify your eligibility and regulatory obligations before participating.
Leverage risk
Margin trading, futures, perpetuals, options, and other leveraged instruments amplify both gains and losses. You can lose more than your initial deposit. Margin calls and forced liquidations are common features of leveraged trading.
Leveraged instruments are unsuitable for most retail participants. If you do not fully understand how leverage affects margin, liquidation prices, funding rates, and tax outcomes, do not use them.
Conflicts of interest
MetricBase contributors may hold positions in assets, sectors, instruments, or protocols discussed in published content. We may add to, reduce, hedge, or close those positions at any time without prior notice or disclosure within an article.
We do not undertake to update existing content to reflect changes in our personal positions or views.
We do not currently accept compensation in exchange for editorial coverage of specific assets, projects, or companies. Any sponsored content, paid placement, or affiliate relationship will be clearly disclosed within the relevant article, typically at the top.
Where we link to exchanges, brokers, or tools and earn an affiliate commission, that relationship will be disclosed within the article that contains the link.
Forward-looking statements
Some content contains forward-looking statements — predictions, projections, scenarios, expectations, or speculation about future market behavior, regulation, technology, or events.
Forward-looking statements are inherently uncertain. They are based on assumptions, models, and information available at the time of publication. Actual results may differ materially from those projected. Do not rely on forward-looking statements as factual or as the basis for action.
External links
MetricBase content frequently links to external sources, including official exchange documentation, government publications, academic papers, news outlets, and third-party tools. We do not endorse, control, or guarantee the accuracy, completeness, or availability of external content.
External resources are linked because we found them informative or relevant to the discussion — not because we vouch for them. Access third-party content at your own risk, subject to that site's terms and privacy policy.
Errors and omissions
We strive for accuracy. Errors nonetheless occur. We do not warrant the completeness, accuracy, reliability, suitability, or availability of information published on the Services.
Corrections are made when errors are identified. Significant corrections — those that materially change the meaning, conclusion, or recommendation of an article — are noted in a "Correction" block at the bottom of the affected article, with the date of correction.
If you spot a factual error, please contact us via metricbase.org/contact with "Editorial Correction" in the subject. We appreciate it.
Third-party data
We use data from third-party sources including exchanges (IDX, Binance, Bybit, others), blockchain explorers, on-chain analytics platforms, government statistics offices, news outlets, and data aggregators.
We rely on these sources to be accurate but cannot independently verify all third-party data. Where our analysis depends on third-party data, we cite the source. Where discrepancies arise between our analysis and the underlying source data, the source data takes precedence.
AI-assisted content
In line with our commitment to editorial transparency, we disclose that some MetricBase content may be drafted with the assistance of AI tools (large language models, image generators, data summarizers).
Every published piece is reviewed, edited, fact-checked, and finalized by a named human author before publication. AI is used as a research assistant, drafting tool, and visual generation aid — most notably for producing the Bun mascot illustrations. Editorial responsibility for accuracy, framing, and judgment rests entirely with the named author of each article.
We do not publish content that is purely AI-generated and untouched by human editorial review.
Jurisdictional scope
Different jurisdictions regulate financial activities, crypto activities, and investment publications differently. Content on MetricBase is not directed at residents of any specific jurisdiction and is not tailored to the legal or regulatory environment of any particular country.
It is your responsibility to determine whether your access to and use of this content is permitted under the laws of your jurisdiction, and whether any activity you undertake based on the content is legal in your jurisdiction.
If you are in a jurisdiction where any of the content, or actions based on it, is illegal, restricted, or requires registration that you do not hold, do not act on it.
Reader responsibility
By reading, sharing, or acting on MetricBase content, you acknowledge and agree that:
- You are solely responsible for your own financial decisions
- You will not hold MetricBase, its operators, or its contributors liable for any losses, damages, or adverse outcomes resulting from your decisions
- You will conduct your own research and due diligence before acting on any information
- You will consult qualified, licensed professionals (financial advisors, tax professionals, lawyers) as appropriate to your circumstances
- You will not treat any single piece of content as a complete basis for any decision
- You understand the risk warnings in Section 4 and accept them as a condition of using the Services
Contact
For corrections, editorial concerns, or questions about this Disclaimer:
Email: support@metricbase.org
Form: metricbase.org/contact — select "Editorial Correction" in the subject dropdown